The organisation responsible for supplying the coinage of the United Kingdom, Royal Mint Limited, has shelved proposals to unveil its own gold-backed cryptocurrency due to the UK government’s dissatisfaction with the project. According to a late October news story by Reuters, the Royal Mint was weighing up issuing “Royal Mint Gold” (RMG) crypto tokens which would …
Visions of Dubai Palm Jumeirah 2010 gold coin released
Dubai Multi Commodities Centre (DMCC) and the World Gold Council have launched The Palm edition of the Visions of Dubai gold coin series. The coin features the image of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on the front and The Palm …
100 kg gold coin to be auctioned in Vienna
The world’s largest gold coin, measuring about 53cm in diameter and weighing 100 kilogram, is to be auctioned in Austria. The coin, made of pure refined gold, is a Canadian Maple Leaf, with a denominated value of $1,000,000. It is expected to reach over 4 million at auction. The coin will be auctioned on June …
Gold Vending Machine Opens in Abu Dhabi Hotel
The Emirates Palace hotel in Abu Dhabi, UAE, has unveiled a gold vending machine. The vending machine operates like any other vending machine. Select a product and put the required cash in the machine, and out slides your selection. Customers can choose from gold bars weighing up to 10 grams or well known gold coins …
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